Foundry Partners LLC Invests $3.03 Million in Johnson Outdoors Inc. (NASDAQ:JOUT)

Foundry Partners LLC bought a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,735 shares of the company’s stock, valued at approximately $3,027,000. Foundry Partners LLC owned 0.89% of Johnson Outdoors at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Johnson Outdoors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 124,539 shares of the company’s stock valued at $4,111,000 after purchasing an additional 783 shares during the period. Rodgers Brothers Inc. boosted its position in Johnson Outdoors by 34.7% in the fourth quarter. Rodgers Brothers Inc. now owns 60,086 shares of the company’s stock valued at $1,983,000 after buying an additional 15,470 shares during the last quarter. Sei Investments Co. acquired a new position in Johnson Outdoors in the 4th quarter worth approximately $356,000. American Century Companies Inc. raised its position in Johnson Outdoors by 10.7% during the 4th quarter. American Century Companies Inc. now owns 8,776 shares of the company’s stock worth $290,000 after buying an additional 845 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Johnson Outdoors during the 4th quarter valued at approximately $77,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Johnson Outdoors Price Performance

NASDAQ:JOUT opened at $24.09 on Friday. The company’s fifty day moving average price is $27.49 and its 200-day moving average price is $31.90. Johnson Outdoors Inc. has a 1-year low of $22.58 and a 1-year high of $46.04. The firm has a market capitalization of $248.95 million, a P/E ratio of -5.39 and a beta of 0.63.

Johnson Outdoors (NASDAQ:JOUT) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.19). Johnson Outdoors had a negative return on equity of 9.62% and a negative net margin of 8.15%. During the same period last year, the company earned $0.38 EPS. Equities analysts anticipate that Johnson Outdoors Inc. will post -0.58 EPS for the current fiscal year.

Johnson Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Thursday, April 10th. Johnson Outdoors’s payout ratio is presently -29.53%.

Johnson Outdoors Company Profile

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.